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Search Results 0 to 12 of about 13 (some duplicates have been removed)
Jan 18, 2013 4:00pm EST
of president obama, house republicans have floated a new plan they say will extend the debt ceiling for three months, but also cut congressional paychecks if mr. obama and the democrats don't agreed to deep spending cuts by april. steve handelsman says the gop has just grabbed the headlines two days before the inauguration. >> reporter: washington is almost ready. massive security, barriers going into place, bleachers along pennsylvania avenue for monday's inaugural parade. and the president atviewing stand, bulletproof and fancy, rebuilt every four years but since a huge crowd full of hope saw the first swearing-in, america has lowered its expectations. only 35% in the nbcs in/"wall street journal" poll says the country is headed in the right direction. as president obama's news portrayed is released, his approval stands at 52%. his likability at 61%, but only 29% say he is working effectively with congress. and today there's more conflict. responding to the president's declaration that he won't negotiate over the debt ceiling, republicans backed down. they raised the borrows limit but just
FOX News
Jan 18, 2013 3:00pm PST
is drama. okay? so congress should do its job. we're not going to negotiate over extending the debt ceiling. >> though the house is planning something short-term to force the senate to the a budget. >> just the structure, moving something on a shorter term, what we are discussing is something that all could support. it's reasonable. but also very constructive for america themselves. >> spokesman for the senate majority leader harry reid says if the house pass a clean debt ceiling incress, the senate will be happy to consider it. jay carney at the white house called for passing a clean debt limit deal without delay. leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look
FOX News
Jan 18, 2013 8:00am PST
and straightforward. for example, charles krauthamer writes, say, extend the debt ceiling through may 1st. this is idea by charles krauthamer maybe it is in the works. jon: that is a asking a lot for the senate, don't you think, to pass a budget? jenna: that is a little sarcastic, jon. there is important part. lawmakers in the republican actually talk about spending cuts andly put forward proposals if. if there is no budget. jon: if there is no benchmark to compare your numbers against you spend as much as you want. jenna: so we'll see if they get it. the gop says this is what their offer is, three months or so for the senate to come up and pass a budget. we'll see if they can do it. jon: we'll keep an eye on that one. the campaign button, once a mainstay of american politics quickly becoming a relic. digital web sites are becoming so effective reaching voters that the old lapel button might soon be a thing of the past. douglas kennedy has the story in our new york newsroom. douglas? >> reporter: jon, the campaign button seems to be going the way of the whistle stop. some are blaming the
FOX Business
Jan 18, 2013 11:00am EST
on extending the debt ceiling to april 15 next week. rich edson joining us in virginia were these headlines are crossing from. rich. rich: actually to go much longer than that, three-month extension. longer than april 15. republicans will vote on a bill that extends the debt ceiling for three months, this would be from the time february is supposed to run out between february and march treasury says three months beyond that, debt limit increase that would be contingent on the senate and house passing a budget. for years they have failed to pass a budget, and so the debt ceiling would not increase unless the senate and house passed a budget. also, the bill would include language that if congress does not pass the budget, members, greshamission members were not a paycheck. if not, congress does not get paid. thank you. cheryl: thank you very much. over to you for breaking news. dennis: dow jones report in the u.s. negotiate hostage swaps with terrace. cbs is reporting one american hostage is dead, four others have survived in the algeria crisis over there. cheryl: every 15 minutes, of course
FOX Business
Jan 18, 2013 4:00pm EST
here, looks like gop, looks like the gop will extend the debt ceiling another 45 days. that is why the market was up yesterday. the market is way ahead of this. but, i think that next week, next, two, three weeks there is still a lot has to be done to get this thing completed. first of all, has to get through the house and the senate. there will be a ton of volatility between now and when this finally happens. liz: how do you trade it, larry? >> well the vix, last time i was on shot --. liz: very low. >> now below 14. you can do call spreads on the vix. i like to be long volatility here. think about the end of february, it is fascinating, because you have this italian election and berlusconi is pulling out all the stops. it is monte, you will see leftist movement in italy. liz: let me sort of keep it clear here. >> sure. liz: if you go long volatility that must mean you believe it will go higher, correct? >> correct. liz: because of an italian election? >> well a combination at end of the february you will have the italian election. you will have the debt ceiling potential deal. li
Jan 18, 2013 4:00pm EST
on that. >>> stay with us. will we avoid the debt ceiling cliff? house republicans will consider a plan to extend the debt limit deadline. why that may set up an entirely different kind of cliff. we'll take you live to washington and john haar woovmtd flagged this in my observation yesterday. should the eligibility age to social security be increased to 70 years old since americans are living a lot longer than they did when the social security program was first set up? stick around for a heated debate and the body of a million dollar lottery winner murdered by cyanide poisoning right after he won has been exhumed. the medical examiner is talking, and we'll have the very latest developments of what went on. stay with us. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. introducing the all-new 2013 lexus ls f sport. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if
FOX Business
Jan 18, 2013 1:00pm EST
. if someone sneezes, it could go negative again. [ laughter ] melissa: breaking news. extending the debt ceiling to april 15. rich edson is joining us with more. rich: this after a three-day meeting. republicans settled on their first step in the debt ceiling fight. here are the details about what they will vote next week. the increase will be contingent on the senate and house, both passing a budget. republicans say if there is no bill passed, congress does not get paid. all part of the proposal for next week. john boehner say before there is any long-term debt limit increase, a budget should be passed that should cut spending. they have failed to pass a budget for four years. this is a shameful run that needs to end this year. the strategy is to put this off until later this spring to deal with the automatic spending cuts, along with, in march, government spending does run out. they would focus on a longer-term debt ceiling increase sometime in april or may. that is the strategy from house republicans. president obama says he has not even entertained any type of negotiations. republica
Jan 18, 2013 4:00am PST
the debt ceiling coming up at the end of february, and we have seen this before angie: the market is very cyclical, and we've seen the market get up to these extended levels - and this is a pretty extended level, with a big run off of the november lows, where i was kind of seeing, like i said, call buyers in the vix, and kind of, there was an idea or inkling that the market was going to potentially pull back here a little bit over the next month. > good to have you on the show. that is dan deming of stutland equities. thanks. > > thanks angie. that's it for this week. coming up next week, how to get a seat in the business program room by warren buffett and goldman sachs that teachs entreprenuers how to go big. from all of us at first business, enjoy the long holiday weekend.
FOX News
Jan 18, 2013 6:00am PST
the debt ceiling for a few months and then you have the night oversee questions tracing, because there's already a hundred billion dollars in spending cuts that's baked in the cake that will take effect on march 1st. that's the point at which you say to the president if you're the republicans, look, we can either go with that hundred billion dolla dollar cut or work something else but we're going to cut a lot of money out of the budget. bill: can that idea move forward do you think. >> it makes a lot more sense. the republicans have a lot more leverage there and they don't run the risk and the president can't portray them at that point as being willing to default on the full faith and credit of the united states and sink the economy, and have credit ratings dropped and things like that. this is in a sense it's a flip of what happened with the fiscal cliff where one way or another taxes were going to go up on the rich was the bush tax cuts were going to expire. here there are going to be spending cuts that kick in on march 1st, so you can either have it the way of a compromise or else y
Jan 17, 2013 11:00pm EST
think the opposite, as i see it, is what should have been. i think we should extend, if not and the debt ceiling issue. we should set it aside for a considerable period of time. we should tackle sequestration and we have to do that in the next six weeks. so i'm hopeful that we don't drag this out as some people are saying and then move on to the serious discussion of tax reform and environment issues. so i see it in a sense the opposite way. i say let's get this done, the sequestration part in the debt ceiling in the next six weeks and then move on. those who are saying let's do it dribble by turbo, they are the ones who would be undermining the effort to sit down and have a serious discussion of tax reform. >> we've got about two minutes left. francine. >> the question about itemize deductions. what s-sierra thought of having a cab, that people can use it for whatever they want for mark h., whatever. >> i think the problem with the cap is that it has to seriously consequence, especially for charitable contributions. because a substantial portion of the charitable contributions come from
Search Results 0 to 12 of about 13 (some duplicates have been removed)